General Motors Co. (NYSE: GM) announced today that its Board of Directors has approved a new share repurchase authorization to repurchase up to $6 billion of the company's outstanding common stock.
The Big 3 are citing EV demand green shoots in a challenging market. GM stock cleared a buy point. Ford rose ahead of a Stellantis event.
GM reached a tentative agreement covering battery workers in Lordstown, Ohio. With more plants opening, including in the reddest states, electric vehicles look less like a political issue.